While admitting that reaching agreement between the two countries will be difficult to achieve, George Soros - speaking at The World Bank's Bretton Woods conference this week - warned that unless the U.S. makes 'major concessions' and allows China's currency to join the IMF's basket of currencies, "there is a real danger China will align itself with Russia politically and militarily, and then the threat of world war becomes real."
Much in global geopolitics depends on the health and trajectory of the Chinese economy, was the undertone of George Soros' comments as he spoke this week, but as MarketWatch reports,
Billionaire investor George Soros said flatly that he’s concerned about the possibility of another world war.
...If China’s efforts to transition to a domestic-demand led economy from an export engine falter, there is a “likelihood” that China’s rulers would foster an external conflict to keep the country together and hold on to power....
To avoid this scenario, Soros called on the U.S. to make a “major concession” and allow China’s currency to join the International Monetary Fund’s basket of currencies. This would make the yuan a potential rival to the dollar as a global reserve currency.
In return, China would have to make similar major concessions to reform its economy, such as accepting the rule of law, Soros said.
Allowing China’s yuan to be a market currency would create “a binding connection” between the two systems.
An agreement along these lines will be difficult to achieve, Soros said, but the alternative is so unpleasant.
“Without it, there is a real danger that China will align itself with Russia politically and militarily, and then the threat of third world war becomes real, so it is worth trying.”
no duh...and because of you a$$h*le...you Soros should be in prison for your NAzi war crimes and for breaking the bank of England..you Soros are an evil evil person!
that's great maybe he can go and steal more from fellow Jews like he did in WWII!
Obama will be the instigator of starting WWIII one way or another. He has totally screwed up the mid east and it is now on fire everywhere and in total conflict which is spreading very fast with nothing to stop it as Obama continues to pour gas on the fire. He has screwed up every thing he possibly could with the terrorist nations. He appears to be purposely creating havic everywhere with his policiesy and stupid statements. The ISIS JV TEAM seems to be graduating to be the All STARS!!!!! And has captured a majority of most of the country.... He has allowed Putin to spread his wings and feels comfortable going after everything he wants and Obama seems to be working very close to him to allow him to do whatever he wants to do. His idle threats have encouraged about every evil terrorist in the world. His policies has encourage the formation for the beginnings of WWIII. He will probably now run for a third term since he knows Boehner and McConnell will not Impeach him or try to stop him. We are in serious trouble if they do not throw him out of the country.......
We must take this step by step... we must remove Boehner and McConnell FIRST if there is to be any chance at salvaging America. All of our efforts must be directed at these two miscreants until they are forced to resign their leadership positions. We must forget or put on the back burner any efforts aimed directly at Obama as he is fire proof as long as McConnell and Boehner are allowed to rule over Congress. And I didn't choose the word RULE lightly.
soros is the oblameo puppet master....I would never believe anything this asshole communist says...
Another poster says that Soros is a Nazi sympathizer. How can he be both a Nazi sympathizer and an asshole Communist?
How would you prevent war with China?
There is only one way... be so militarily superior that they have no chance of winning. The Japanese defeated China during WWII and Japan is much smaller than the US.
We need to wage an information war against China. I would recruit teams of hackers to hack past China's "Great Firewall" so that we can get information critical of the Chinese government into the hands of its citizens. I would also have the CIA smuggle USB drives into China.
Infected USB drives?